Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-02-10

VIEW.
OFFICE OF THE GAZETTE
FORT WORTH. TEX, Feb. 9. 1887.
Trade was fair average to-day. Meats
are firm with an upward tendency.
Good butter is in demand.
The supply of eggs is in excess of the
demand.
THE STATE OF TRADE.
Special kilograms to Bradstreet's from
leading trade centers report only mod
crate volume of business, except at st.
Louis, Kansas City and Chicago, where
considerable activity is noted. At most
other points there are fair quantities of
merchandise moving. At Baltimore, Gal
weston, Dallas and Providence, there is less
animation. The labor troubles at the east
have greatly disturbed business. New
York's export trade has been interrupted
from scarcity of coal and striking trans
pOrtation employees. Within week sew
enteen coastwise steamers have been de-
layed an average OF over three days each
from regular dates of sailing, and twenty
TWO transatlantic steamers an average of
four and one-half days each. Ocean
frelghts are lower, and tramp vessels are
doing very little. Merchandise for the
west has been delayed, but not SO seri-
ously. An indication of the effect on New
York's commerce is seen in decline of
SS,000,000 in this weeks bank clearings,
as compared with a gain of Sl58, 100000
in total New York clearings for the like
week of 1886.
The labor troubles are shown by Brad
streets to include 10000 strikers
throughout the country since January l,
of which about 40, 900 are at New York
city and vicinity. Industries employing
nearly Il 200 men have mad to shut down,
owing either to want of coal or because
of strikes of others. Lack of coal at the
east for industrial uses will, if not soon
overcome. produce widespread loss. Of
fetal bank Clearings reports for January to
Bradstreet's, from thirty-tve cities, show
decline of over e per cent. against jan
uary, 1886, due almost entirely to New
York city's decrease of 12t per cent,
caused in part by the effect of strikes on
general trade. January clearings from
other cities show an increase OF 10 40
per cent. over January, 1886. Bank
clearings this week aggregate 81 ,005, C00,-
900, against S9S8,0G0,000 the week
before, and 81 ,087 100000 the cor
responding week last year, an in
crease this week of II per cent, and
decline from last year of i per cent.
With New York's decrease this week the
following increased clearings are con-
trasted: Chicago, S7,2OO,O0O; Boston,
1900 900; Philadelphia, S3,100,000, and
Baltimore, $4,300,00O Mercantile col
lections are generally easier, though
severe weather northwest, rains in the
Ohio valley and rising rivers, and I'M
seasonable weather in the southwest have
checked remittances and orders from the
interior.
A continuation of the war scare and
panic IN European money markets
brought further heavy sales of securities
for foreign account, and caused a declin-
ing tendency in stock prices. This was
aided by the hesitating and sensitive con-
dition of investment and speculation, in
duced by the strikes and the doubtful
feeling about the Interstate law. For
eign exchange is high and strong, with
some apprehension that Europe may sell
enough securities to cause gold to be
shipped from this side.
Higher prices have been recorded for iron,
steel, coal, coke, glass, cottons, wheat,
corn, hog products and cattle, while
sugar, coffee, petroleum and -four are
lower. All of these are less active at the
east than last week, owing to the labor
troubles. Eastern pig iron is scarce. A
demand for 500 tons of best grade, spot
delivery, cannot be met in New
York or Philadelphia. Bessemer
pig is 25@5O higher at Pitts
burgh, and Lake Superior furnaces have
advanced pig 81 per ton since coke prices
were marked up 80 cents per ton by the
pool. Bridge and car materials and pipe
makers are freest buyers. Bessemer steel
ingot and rail production in 1856 in
creased so per cent. from 1885, but it is
believed to be at it's height now. The
systems has declined to favor extensions
of lines beyond those already provided
for.
Anthracite is no higher at wholesale at
New York or Chicago, but has advanced
at Boston. Retail prices depend on too
many influences to classify. Coal is NOV
ing east more freely, but far below re
quirements. Bitumincus is active. Pro-
duction in 1886 is reported by Brad
streets at a, 100000 short tons, against
G5,00O,0 900 tons in 1855. Total
bltumhous and anthracite mined in 1856
MAS lOl 100000 long tons against
90, 900, 900 tons in 1885. Petroleum is
lower on increased production, and coffee
on increased receipts and lower prices at
Rio, while the sugar market is &c. off
and broken by labor troubles and diff
Guilty of shipping refined. War rumors
stimulated wheat in spite Of the strikes.
and corn, with smaller supplies, is also
higher. Dry goods are more active at
Boston ethan elsewhere, and many
saEsads Of cotton have advanced 4c per
yard, with mills sold ahead and exports
active. Woolens are depressed by recent
low auction prices. Wool is not so strong.
Some manufacturers are making to order
only, and looms are idle at various points
in New England aud the middle states.
The total number of failures in the United
States reported to Bradstreet's this week
is 242, against 248 last week, 2SS in 1886,
$40 in 1885, S65 in 1884 ard 276 in 1888.
Canada had IS, against 10 last week and
81 last year. The total in the United
States this year to date is 1897, against
1862 in five weeks of 1886, 1894 in 1885,
1928 in 1884 and 1884 IN 1855 Brad
streets.
BUTTER -12ts6l5 per ID /; creamery 27IIc.
COTTON-Srlc; low middling. ting ed, &c;
good middling SIC.
COFFEE - Rio, fair Ice; prime lie;
choice Jl6L. 6l7c; Laguyra Ike; Java 29hsc;